Global Medical Devices Market Report 2021: Market Shares, Plant Turnarounds, Capacities, Investments, and Mergers and Acquisitions – ResearchAndMarkets.com
DUBLIN – (BUSINESS WIRE) – Added the “Global Medical Devices Market Report and Forecast 2021-2026” report ResearchAndMarkets.com to offer.
The global medical device market reached $ 462 billion in 2020. Supported by technological advances in healthcare, the market is expected to continue growing at a CAGR of 6.1% between 2021 and 2026, reaching a value of $ 661 billion in 2026.
A medical device is defined as an instrument, apparatus, machine, implant or device that can be used for medical purposes. They do not use chemical or metabolic effects for treatment and diagnosis, but rely on structural, physical, and mechanical effects.
Medical devices help healthcare providers diagnose and treat patients to overcome disease and improve their standard of living. Popular examples of medical devices include ultrasound and MRI machines, PET and CT scanners, and X-ray machines. The medical products are used, among other things, in orthopedics, cardiovascular, eye, dental and wound care.
The medical device market is being driven by the rapid digitalization in the healthcare system in order to increase the standard of living of the population by strengthening diagnosis and accelerating treatment processes. The market has been aided by the significant increase in the geriatric population that requires efficient monitoring and rapid diagnosis, especially for heart or lung diseases.
During the forecast period, technological advances in healthcare in emerging markets should fuel market growth. The advent of 3D printing in healthcare has significantly revolutionized the medical device industry. Technological advances in medical devices enable the development of personalized devices for patients.
In terms of the region, North America has a significant market share and is expected to experience significant growth over the forecast period due to the rising prevalence of chronic illnesses as well as a significant increase in the geriatric population in the region. The market is likely to be aided by the increasing number of qualified health professionals in the United States and Canada who have a better understanding of medical devices.
The report examines the market shares, asset cycles, capacities, investments, and mergers and acquisitions of the major players in the industry, among other key developments.
Some of the key players in the marketplace examined in the report are:
Johnson & Johnson Services, Inc.
Siemens Healthineers AG
F. Hoffmann-La Roche Ltd
Boston Scientific Corporation
Key topics covered:
2 Report Coverage – Key Segmentation and Scope
3 Description of the report
3.1 Market definition and outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Main actors
4 important assumptions
5.2 main drivers
5.3 Major developments
5.4 Competitive structure
5.5 Key industrial trends
7 Industry Opportunities and Challenges
8 Global Medical Devices Market Analysis
8.1 Important industry highlights
8.2 Global Historical Medical Devices Market, 2016-2020
8.3 Global Medical Devices Market Forecast (2021-2026)
8.4 Global Medical Device Market By Medical Device
8.5 Global Medical Devices Market by Medical Instruments
8.6 Global Medical Device Market by Application
8.7 Global Medical Device Market by Function
8.8 Global Medical Devices Market by End Use
8.9 Global Medical Devices Market by Region
9 Regional Analysis
9.1 North America
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East and Africa
10 Market Dynamics
10.1 SWOT analysis
10.2 Porter’s Five Forces Analysis
10.3 EMR Key Indicators of Demand
10.4 Key EMR Indicators for Price
11 Value chain analysis
12 Competitive Landscape
12.1 Market structure
12.2 Company Profiles
13 industry events and developments
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